1864,
THAILAND. 2 Baht Struck in Gold, ND (1864).Fr-18; Y-12a; LeMay-p. 21#7; K&M-pl. F15. Ronachai-Vasilijs-pg.155,F15. EXTREMELY RARE gold striking of the 2 Baht. Pg.86 of LeMay states “gold is only coined for the King, who on great State occasions, such as cremation ceremonies, coronations, etc., distributes gold coins together with silver coins of 4 and 2 Ticals (Bahts). The former are therefore rare and highly prized by the people. In other respects the gold coin does not differ from that of silver and copper; it bears the same stamp and is named after its weight. The value of coined gold is fixed at 16 times its weight of silver”. Essentially the gold striking of the 2 Baht held a face value of 32 Baht. These were special presentation pieces struck specifically for the King and given as gifts to the social elite.